Equities research analysts forecast that NMI Holdings Inc (NASDAQ:NMIH) will report $107.09 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for NMI’s earnings, with the lowest sales estimate coming in at $105.70 million and the highest estimate coming in at $108.48 million. NMI reported sales of $91.18 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, July 29th.
According to Zacks, analysts expect that NMI will report full year sales of $446.98 million for the current financial year, with estimates ranging from $437.46 million to $456.50 million. For the next year, analysts forecast that the company will post sales of $527.66 million, with estimates ranging from $467.21 million to $588.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow NMI.
NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.03. The company had revenue of $107.60 million for the quarter, compared to analyst estimates of $106.08 million. NMI had a net margin of 48.69% and a return on equity of 21.90%. NMI’s revenue for the quarter was up 32.7% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank purchased a new stake in NMI in the fourth quarter valued at approximately $33,000. Arden Trust Co purchased a new stake in NMI in the first quarter valued at approximately $36,000. Advisor Group Holdings Inc. purchased a new stake in NMI in the first quarter valued at approximately $40,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in NMI by 22.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,383 shares of the financial services provider’s stock valued at $62,000 after buying an additional 978 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in NMI by 32.9% in the fourth quarter. Advisors Asset Management Inc. now owns 2,717 shares of the financial services provider’s stock valued at $90,000 after buying an additional 673 shares during the last quarter. 91.41% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:NMIH traded up $0.92 on Monday, reaching $15.76. 1,031,564 shares of the company’s stock were exchanged, compared to its average volume of 1,260,103. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 5.84 and a beta of 1.91. The business has a fifty day moving average of $15.78 and a 200-day moving average of $22.30. NMI has a 52-week low of $8.06 and a 52-week high of $35.79.
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.
Recommended Story: What is Compound Annual Growth Rate (CAGR)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.